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🇷🇺 Russia has started importing gasoline from India to help ease domestic fuel shortages, per Reuters.


💪 t.me/FinancialWorldUpdates

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𝕏 Money will reportedly offer a 6% APY, up to $10M in FDIC insurance, unlimited 3% cashback, and a physical Visa metal card.


💪 t.me/FinancialWorldUpdates

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🇺🇸 Sam Altman and OpenAI are reportedly in talks with the Government to give it a 5% stake in the company - Financial Times.


💪 t.me/FinancialWorldUpdates

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¥1,400,000,000,000 wiped out from the Chinese stock market today.


💪 t.me/FinancialWorldUpdates

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Taiwan police bust $300 million World Cup betting ring.


💪 t.me/FinancialWorldUpdates

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Venice AI Raises $65M at $1B Valuation

Venice AI raised $65 million in a Series A led by Dragonfly, Coinbase Ventures, and North Island Ventures, reaching a $1 billion valuation two years after launch.

It hosts uncensored open-source AI models on its servers and routes requests to closed models from OpenAI and Anthropic.

The company reports $70 million annual revenue, profitability, 3 million active users, and 1.7 million API requests daily.

Funds will buy GPUs and build proprietary data centers.


💪 @FinancialWorldUpdates

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Over $730 billion has been wiped out from Asian stock markets today as AI and semiconductor stocks sell off.

South Korea's KOSPI is down -7.89%, wiping out ₩481 trillion ($324 billion).

Japan's Nikkei is down -2.47%, wiping out ¥35.3 trillion ($214 billion).

China's SSE is down -2.1%, wiping out ¥1.36 trillion ($191 billion).

💪 @FinancialWorldUpdates

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🇺🇸🇮🇷 Next round of US-Iran talks to begin on July 18.


💪 @FinancialWorldUpdates

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Lebanese Economy Minister Amer Bisat says losses caused by the war since 2024 may exceed $16 billion.


💪 @FinancialWorldUpdates

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🇺🇸 US JOBLESS CLAIMS 215K IN JUNE 27 WEEK; EST. 220K


💪 @FinancialWorldUpdates

🐈


Non-Farm Payrolls (NFP)

Actual: 49K
Forecast: 114K
Previous: 172K

Unemployment Rate

Actual: 4.2%
Forecast: 4.3%
Previous: 4.3%

Average Hourly Earnings

Actual: 0.3%
Forecast: 0.3%
Previous: 0.3%

Overall:

Short-term Bullish for crypto and risky assets.

💪 @FinancialWorldUpdates

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🇮🇷 Iran says it will respond to any US intervention in the Strait of Hormuz.


💪 @FinancialWorldUpdates

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🇺🇸 President Trump says Micron $MU is putting $250,000,000 into Trump Accounts for children.


💪 @FinancialWorldUpdates

Speculators raised short positions in the yen to near-record levels, says CFTC. Bank of Japan vows strong action.


💪 @FinancialWorldUpdates

Wall Street analyst Mark Palmer just said live on CNBC that "Strategy $MSTR could surge to $570 by the end of this year if #Bitcoin reaches $95k."

"Strategy's capital structure is in a remarkably strong position if BTC price were to increase."


💪 @FinancialWorldUpdates

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$1,250,000,000,000 has now been wiped out from the US stock market in last 3 hours.

This is more than the entire market cap of Bitcoin.


💪 @FinancialWorldUpdates

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🇭🇰 Hong Kong to launch a long-awaited gold clearing and settlement system next week, aiming to become a major price-setter for the metal, SCMP reports.


💪 @FinancialWorldUpdates

🐈 Last 2 year performance:

S&P 500: +34%
Gold: +75%
NVDA: +69%



💪 @FinancialWorldUpdates

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🇨🇦🇺🇸 Canada unveils plans for oil pipeline to Asia to become an "energy superpower" and break dependence on US.


💪 @FinancialWorldUpdates